Is the altcoin season upon us?

Quick takeaways:

  • Despite growing talk of a full-blown altcoin season, there are better (fundamental) explanations for a number of recent alt breakouts
  • Assets covered: KNC, ZRX, MKR, LEND, MATIC, ADA, THETA
  • Metrics used: Social volume, Top holders, Bitcoin market cap dominance, Percentage of coin's supply on exchanges, Mean coin age

As Bitcoin has continued to trade sideways for over two weeks now, there has been a number of high-profile decouplings and seemingly random altcoin breakouts that kept the starved market speculators engaged.

The recent pump squad was led by the likes of ADA, MATIC, THETA, as well as a number of defi-related tokens like KNC, ZRX, MKR and AAVE. In fact, so many coins pumped recently that there’s been growing talk of a full-blown ‘altcoin season’, as some in the market expect this

There’s more of this Insight

Choose your subscription plan

Sanbase PRO
Unlock all PRO insights

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!